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Council approves housing bond hearing, Measure V appointment and final budget; consent calendar passes
Summary
At its recent meeting, the Paradise Town Council approved a federally tax‑exempt bond hearing for a Clark Road affordable housing project, appointed an oversight committee member for Measure V, and adopted the town’s fiscal 2025–26 budget and several associated resolutions.
The Paradise Town Council took several formal actions during the meeting.
Housing bond public hearing: The council conducted a federally required public hearing related to the Clark Road multifamily project, which uses CDBG‑DR funds plus 4% low‑income housing tax credits and federally tax‑exempt bonds. The hearing covered Resolution 2025‑54 (in the agenda packet as 2025‑53 but corrected during the meeting), a procedural requirement because the federally tax‑exempt bonds will be issued by the borrower. Council member Bolan moved to approve the resolution; the motion was seconded by Council member Cullerton. The motion passed by recorded vote: Bolan — Aye; Cullerton — Aye; Lang — Aye; Lawson — Aye; Mayor Crowder — Aye. Town staff noted the action imposes no town…
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